Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-3142023-01-01falseNo description of principal activity5truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12108680 2023-01-01 2023-12-31 12108680 2022-01-01 2022-12-31 12108680 2023-12-31 12108680 2022-12-31 12108680 2022-01-01 12108680 c:Director1 2023-01-01 2023-12-31 12108680 c:Director2 2023-01-01 2023-12-31 12108680 c:RegisteredOffice 2023-01-01 2023-12-31 12108680 d:FurnitureFittings 2023-01-01 2023-12-31 12108680 d:FurnitureFittings 2023-12-31 12108680 d:FurnitureFittings 2022-12-31 12108680 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 12108680 d:CurrentFinancialInstruments 2023-12-31 12108680 d:CurrentFinancialInstruments 2022-12-31 12108680 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12108680 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12108680 d:ShareCapital 2023-12-31 12108680 d:ShareCapital 2022-12-31 12108680 d:ShareCapital 2022-01-01 12108680 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 12108680 d:RetainedEarningsAccumulatedLosses 2023-12-31 12108680 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 12108680 d:RetainedEarningsAccumulatedLosses 2022-12-31 12108680 d:RetainedEarningsAccumulatedLosses 2022-01-01 12108680 c:OrdinaryShareClass1 2023-01-01 2023-12-31 12108680 c:OrdinaryShareClass1 2023-12-31 12108680 c:OrdinaryShareClass1 2022-12-31 12108680 c:FRS102 2023-01-01 2023-12-31 12108680 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12108680 c:FullAccounts 2023-01-01 2023-12-31 12108680 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12108680 2 2023-01-01 2023-12-31 12108680 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12108680









FLASHPOINT MANAGEMENT CONSULTANTS UK LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
FLASHPOINT MANAGEMENT CONSULTANTS UK LTD
 
 
COMPANY INFORMATION


Directors
Alexander Konoplyasty 
Mihaly Szalontay 




Registered number
12108680



Registered office
101 New Cavendish Street
1st Floor South

London

England

W1W 6XH




Accountants
Harris & Trotter LLP
Chartered Accountant

101 New Cavendish Street

1st Floor South

London

United Kingdom

W1W 6XH





 
FLASHPOINT MANAGEMENT CONSULTANTS UK LTD
REGISTERED NUMBER: 12108680

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,637
14,182

  
10,637
14,182

Current assets
  

Debtors: amounts falling due within one year
 5 
230,471
69,871

Cash at bank and in hand
 6 
3,522
15,324

  
233,993
85,195

Creditors: amounts falling due within one year
 7 
(221,332)
(77,200)

Net current assets
  
 
 
12,661
 
 
7,995

Total assets less current liabilities
  
23,298
22,177

  

Net assets
  
23,298
22,177


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
23,297
22,176

  
23,298
22,177

Page 1

 
FLASHPOINT MANAGEMENT CONSULTANTS UK LTD
REGISTERED NUMBER: 12108680
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 March 2024.




Mihaly Szalontay
Director

The notes on pages 4 to 10 form part of these financial statements.
Page 2

 
FLASHPOINT MANAGEMENT CONSULTANTS UK LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2022
1
6,491
6,492


Comprehensive income for the year

Profit for the year
-
15,685
15,685



At 1 January 2023
1
22,176
22,177


Comprehensive income for the year

Profit for the year
-
1,121
1,121


At 31 December 2023
1
23,297
23,298


The notes on pages 4 to 10 form part of these financial statements.
Page 3

 
FLASHPOINT MANAGEMENT CONSULTANTS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Flashpoint Management Consultants UK Ltd is a private company limited by shares and incorporated in England and Wales. The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
FLASHPOINT MANAGEMENT CONSULTANTS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
FLASHPOINT MANAGEMENT CONSULTANTS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Reducing balance method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
FLASHPOINT MANAGEMENT CONSULTANTS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Page 7

 
FLASHPOINT MANAGEMENT CONSULTANTS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.11
Financial instruments (continued)

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
Page 8

 
FLASHPOINT MANAGEMENT CONSULTANTS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


3.


Employees

2023
2022
£
£

Wages and salaries
450,429
249,077

Social security costs
51,114
25,653

Cost of defined contribution scheme
4,332
3,463

505,875
278,193


The average monthly number of employees, including directors, during the year was 5 (2022 - 4).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 January 2023
30,677



At 31 December 2023

30,677



Depreciation


At 1 January 2023
16,495


Charge for the year on financed assets
3,545



At 31 December 2023

20,040



Net book value



At 31 December 2023
10,637



At 31 December 2022
14,182

Page 9

 
FLASHPOINT MANAGEMENT CONSULTANTS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
121,850
-

Other debtors
70,801
69,686

Called up share capital not paid
1
1

Prepayments and accrued income
37,819
184

230,471
69,871



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
3,522
15,324

3,522
15,324



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
280
-

Amounts owed to group undertakings
-
48,442

Corporation tax
1,095
4,736

Other taxation and social security
-
20,004

Other creditors
760
1,018

Accruals and deferred income
219,197
3,000

221,332
77,200



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1


 
Page 10